The Daily Chase: UBS to buy Credit Suisse for US$3.2B; Market volatility continues - BNN Bloomberg

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The Daily Chase: UBS to buy Credit Suisse for US$3.2B; Market volatility continues - BNN Bloomberg
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The Credit Suisse crisis finally has something of a conclusion after UBS Group agreed over the weekend to buy its longtime Swiss rival for US$3.2 billion after a crisis of confidence rocked Credit Suisse.

Credit Suisse crisis finally has something of a conclusion after UBS Group agreed over the weekend to buy its long-time Swiss rival for US$3.2 billion

European markets were markedly lower in earlier trading, though have since recovered much of those losses, while U.S. futures have been oscillating to start the week.

 

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